"Sister Lin fell from the sky, like a light cloud just out of Xiu." If one day, Sister Lin really falls from the sky, can you hold this
sentimental Mei Jiao'e? I'm really afraid of accidentally, "the pie becomes a trap"!
Chinese people advocate cash as king in business, and security in pockets, but the current international trade situation is changing and dangerous, and pockets may not be safe. Today, I will
share with you a new fraud case in "pie orders".
Case introduction
Company A, a foreign trade enterprise in Fujian, is mainly engaged in the export of ceramic tile products. It has a history of nearly 15 years. Company A mainly receives orders through participating in the Canton Fair and
promotes products on Alibaba International Station. The annual export scale is about 10 million US dollars. Its products are very popular in the African market.
On May 7, 2019, company A’s business mailbox received an inquiry from company B of a Nigerian company. Company B claimed that it was a well-known Nigerian ceramic tile wholesaler with
annual sales of 80 million U.S. dollars, because it was informed on the international site Company A’s ceramic tile product information, I am very satisfied with the design and price of Company A, and are very sincere to cooperate, and
plan to place an order of approximately US$170,000.
Because May is the off-season for company A's ceramic tile exports, company A attaches great importance to the sudden orders and immediately arranges experienced salespersons to follow up and negotiate.
As a result, the two parties talked and negotiated through email and WeChat. After many rounds of negotiation and consultation, the two parties' cooperation intentions were quickly reached. Company B out payment terms even
as favorable, 50% advance, see a copy of the bill of lading to pay the balance within 10 days after delivery, and the unit price is not bad, it figures A company has nearly 20% of gross profit.
What's more reassuring is that it took only two days for Company B to confirm the designs, sizes, and specifications of nearly 50 products, and sent a formal
purchase order to Company A.
What is even more "surprise" is that company B proposed that it would pay 50% of the advance payment to company A on May 9th, about 85,000 US dollars, and only made a small request,
that is, company B will pay an extra 50,000 U.S. dollars, I hope that company A will help it pay RMB to the accounts of other domestic suppliers, that is, a total of 135,000 US dollars will be paid to the
account of company A, and company A only needs to convert 50,000 US dollars into RMB to pay to company B’s designated Account, the rest is as advance payment.
In daily business dealings, Chinese people often advocate "cash is king". It is a sure business to transfer money after receiving the money and then ship the goods. Company A is no exception.
Both the boss and the salesperson think this is a good deal. Subsequently, company B made the payment quickly. On May 9th, company A received the payment slip from company B. On May 10th, there was an additional USD
135,000 in its USD account. Company A immediately confirmed the amount with company B and proceeded to arrange The production plan of the goods. When company B learned that company A received the payment, it immediately sent
someone's RMB account in Jiangxi to company A, and said that the plan had changed and that it was urgently needed to raise money for delivery, and hope that company A could help remit about $100,000. ,
Equivalent to approximately 690,000 yuan to Jiangxi’s account, because the amount is still less than 135,000 U.S. dollars, and Company B promises to make up an advance payment of 85,000 U.S. dollars within a week.
Company A also agreed to Company B's request.
Case handling
During the entire process of order negotiation and deposit receipt, the salesmen and bosses of Company A felt that they were almost open for life, and it was very easy to negotiate into a large order,
and the expected profit was considerable, but they always felt that it seemed too smooth , It seems that something is missing, and even the cooperating factory laments that company A is very lucky.
Because company A is also an old customer of China Credit Insurance, all buyers will conduct credit investigations as customary. Company A also filed a credit investigation
application with China Credit Insurance . However, after preliminary investigation, although Company B claimed that it was a well-known ceramic tile wholesaler in Nigeria However, China Credit Insurance does not have any
credit records and underwriting records of this company in its system, and a new credit report application needs to be initiated. The account manager of China Credit Insurance also informs Company A of the information, and it
takes about a week to notify the new credit report time.
Having obtained this information, Company A had some doubts about the status of Company B in the industry. At this time, Company B was urging Company A to transfer funds to Jiangxi's personal account,
and the phone calls became more urgent. During the resumption process, company A finally felt that the order went too smoothly, a bit strange, so company A also wanted to slow down the transfer,
so it told company B that its banking system had some problems. May 10 (coincidentally (Friday) Can’t transfer the account and have to wait until next Monday May 13th. At this time, Company B was in a hurry and made
many calls to the boss in a row, hoping that he could help coordinate, and his tone became increasingly impatient. The more urged company B is, the more wrong the professional experience reminds company A.
While A Company was puzzled, on the morning of May 13th, when the accountant of Company A went to the bank to do business, he was told that his US dollar account and RMB account were frozen. It was
initiated by a public security bureau in Shandong for suspected fraud and the amount of money.
On the afternoon of May 13, the company ushered in the visit of staff from the Shandong Public Security Bureau, suspected that Company A was involved in fraudulent activities, and requested it to cooperate with the investigation.
Company A was at a loss at this time. The account did receive the money, and there was an intention to help it change into RMB "transfers". It was indeed in a state of being unclear after jumping into the Yellow River.
It turned out that the money was paid by a state-owned enterprise exporting medicinal materials in Shandong. The mailbox was hacked. The $135,000 payment was designated to be paid to the account of
Company A. Company A realized at this time that it was used by a trap. Fortunately, the transfer was not transferred out in time. Otherwise, even if the public security department believed that Company A was used, it would
still require Company A to pay 690,000 yuan, and Company A had escaped in exclamation.
Case enlightenment It
Is not an exaggeration to describe the current international trade as "changing wind and cloud, dangerous situation". In the past, as long as the export company received the order smoothly, once the buyer paid, everything would be fine, and the
cash would be safe. Now the bag may not be safe, maybe it is a big trap. A little carelessness of export companies may lead to misfortune. This is not alarmist,
It is a real case that has frequently occurred in SMEs in recent years.
In recent years, hacking cases have occurred frequently, and the methods have become more sophisticated. Criminals usually "willing to trap their children with wolves," making it difficult for people to prevent them. After initial investigation by China Credit Insurance, the
above-mentioned case is an upgraded version of the “Internet hacker case”. The “Internet hacker” illegally obtained transaction information of both buyers and sellers, forged mailboxes, and instructed foreign buyers to pay the goods to
third-party accounts, causing export companies to fail to meet the schedule. Receiving money, and adding new scams, let an innocent third-party account to help it realize the fraud, the means are more complicated and concealed.
In the increasingly complex foreign trade process, the series of problems caused by the rapid development of information technology such as the Internet are worthy of the export enterprises to learn from.
Suggestion (1) Take orders carefully
Fully understand the buyer’s credit status before accepting the order. It is
recommended that the export company verify the true identity of the buyer’s company from multiple information channels, especially the buyer of the first transaction. It is recommended that Chinese companies, when receiving such buyer’s orders,
require the buyer to provide their company’s official company registration documents and the identity certificate of the person in charge (such as a passport, etc.). In addition to obtaining the buyer’s credit report from a special credit agency to
learn about the buyer’s information, You can also learn about information through the Economic and Commercial Office of the Chinese Embassy in the local Embassy or the Ministry of Industry and Trade Promotion, industry associations, etc., and compare
the informationprovidedby thebuyerwith the China Credit Insurance Credit Report and online information, and make a detailed and serious comparison based on the credit report or public The contact information recorded in the information will
directly contact the buyer’s company to verify the authenticity of the trade and order. Don’t rush into the transaction without fully investigating it. It is easy to fall into the trap of fraud. (2) Do not take advantage of the small gains, be vigilant, and strengthen account management. In this case, the export company A company easily agreed to help B company to post the accounts, giving scammers an opportunity, almost fell into a trap and was deceived, and was almost accused of participating in fraud , And suspected of money laundering. In this case, Company A provided sufficient evidence for self-certification of its innocence, provided its order negotiation process description, correspondence and correspondence, etc., provided sufficient evidence and returned the relevant funds without leaving any taint. However, the act of easily agreeing to help others transfer RMB and post accounts is not allowed by the foreign exchange management and anti-money laundering laws. Company A was also issued a 2,000 yuan fine by the foreign exchange management center for this. For this reason, export companies should strengthen the management of accounts, strictly abide by the relevant regulations onforeign exchange management and anti-money laundering, and formulate strict systems to strengthen management of the entire export process, operate rigorously, and guard against fraud. (3) Improve fraud prevention against special countries. In recent years, online trade fraud has been rampant. Nigeria, Benin, Uganda, South Africa in Africa, Romania, Greece in Europe, Turkey, India, and Cambodia in Asia
Fraud cases occur frequently in other places, and the form is more complicated and hidden. Export companies should be vigilant when engaging in foreign trade and strengthen the risk prevention of buyers from these countries.
If this type of trade occurs, export companies should pay more attention to buyers who have fast transactions and are not price sensitive. If they have any questions, they can consult Donghua supply chain.
If unfortunately, they should report to the public security organs in time and cooperate with them. survey.
